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NTG Clarity Networks Inc V.NCI

Alternate Symbol(s):  NYWKF

NTG Clarity Networks Inc. provides digital transformation solutions. The Company delivers software, networking, and information technology solutions to enterprises, including financial institutions and network service providers. It provides design, engineering, implementation, software development and security expertise. Its Canadian segment, which is made up of activities in Canada and its offices in Saudi Arabia and Oman; and the Egypt segment, which is its primary delivery center for software development and professional services, offshoring services and network services to customers worldwide. It focuses on commercial off the shelf products, serving a multitude of industries, covering enterprise management solutions via its flagship StageEM Enterprise Management, NTS-Billing, NTS-Inventory Management and Control, NTS-Workflow Management, NTS-Partner Relationship Management. The Company also provides end-to-end services, including customized solutions development.


TSXV:NCI - Post by User

Bullboard Posts
Post by HPDon Mar 28, 2014 1:57pm
264 Views
Post# 22382861

LOI

LOIThis is straight from Doren. LOI are binding agreements. There have been times of accumulation and selling and unfortunately we are under selling pressure at the moment although recent news has been positive and the company continues to generate record results. NTG announced a $2.97 million LOI today which is the second order announced in March for a combined total of $6.37 million. Add in the $1.4 million contract announced in December and we have had $7.8 million in new orders announced in the last 3 months (one was a change to a DOU announced back in Sep). The company has a significant work log for 2014 and continues to generate record results. When you mention that you want a contract announcement are you asking that the company announce the purchase orders for the LOIs when they are received? The company hasn't done this in the past as the PO is the paperwork that simply allows NTG to send an invoice to the customer. The LOI is a binding agreement and is guaranteed by Export Development Canada. I think investors are putting too much emphasis on the term LOI as this is standard procedure in this industry and area of operations. If you have any further questions, please do not hesitate to email me directly. Regards, Doren Quinton, President QIS Capital Corp. www.smallcaps.ca Ph: (250) 377-1182 Fax: (250) 377-1183
Bullboard Posts